CSIC, Egyptian Navy to collaborate on the technology industry and defense trade
The China Shipbuilding Industry Corporation (CSIC) and the Egyptian Navy have put in place plans to collaborate on potential defense trade and industrial and technological collaboration, CSIC said on 29 April.
Following meetings between the senior leadership of the two sides in Beijing, a CSIC statement said the two sides will look to “strengthen co-operation in the field of naval equipment”, adding “CSIC is willing to share the latest technological achievements with the Egyptian Navy and carry out high-level equipment and technical co-operation to contribute to the [development] of the Egyptian Navy.”
CSIC said its relationship with the Egyptian Navy is framed by Beijing’s One Belt, One Road initiative, which is championed by President Xi Jinping and aims to strengthen China’s economic and strategic ties with most of the world’s developing nations over the coming decades.
